India at 3 percent of global manufacturing compared to China’s 30 percent, says MEA Secretary, Economic Relations. 'Corridor will be essential for trade & supply chains after scale-up'.
US-India Joint Statement validates MoU for the India-Middle East-Europe Economic Corridor. It will be taken forward, albeit under a challenging geopolitical scenario in the Middle East.
The Iran-backed Houthi militants of Yemen have been attacking commercial ships in the Red Sea — a gateway to the trade-critical Suez Canal. This has a direct bearing on India’s energy security.
If you think this is mostly a bit of local bother that will smooth itself out as the dislocations of a reawakening global economy ease off, you might be in for a shock.
With cargoes delayed for weeks, the blockage could unleash a flood of claims by everyone affected, from shipping lines to manufacturers and oil producers.
The 'Ever Given', finally floating on its way again, is in the second class of mega freighters. Next-generation ships with a 20-meter draught would be at constant risk of grounding.
Shipping experts anticipate that the disruption will carry over for months because of schedules being upturned and uneven wave of cargo that will hit ports down the line.
On 29 May 1951, Jawaharlal Nehru defended adding 'reasonable restrictions' to Article 19, arguing that free speech must be balanced with national security and unity.
On bilateral ties, Admiral Paparo said India-US ties have an exponential effect on deterrence, because it demonstrates a unity of purpose among us to maintain the peace.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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